POWRBTC huge gains require great consolidation

Power Ledger broke out today and brought huge gains. Price reached 0.00005786 level. A retracement and consolidation is coming which is normal after breaking through several resistance levels.

The candlesticks and Bollinger Bands are showing signals of a coming retrace which are confirmed by Ichimoku clouds.

We expect the 0.0000340 - 0.0000360 range to work as a new support, consolidation and bounce level.

This is drawdown game strategy. Wait till the price hit the support then open long position. Targets will be presented in the Premium channel later